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Search Results 0 to 49 of about 186 (some duplicates have been removed)
from it, but it is good for the economy, because if they have extra money in the pocket, they will spend it, and that is held p pful to the -- helpful t the economy, and so businesses will see people coming in with a little extra cash to spend, and we are hoping that with the people behind it, it will put pressure on the congress to do something. >> and we have heard the counter argument that raising the federal minimum wage will reduce the number of jobs available and hurt small businesses.
to be here today and discuss with you cbo's outlook for the budget and economy for the next 10 years. are analyzing shows that the country continues to debate a very large economic challenges. i will discuss the economy first and then i will turn to the budget. we anticipate economic growth will remain slow this year because of the gradual improvement in underlying economic factors will be offset. the good news is that the effects of the financial and housing prices appear to be gradually fading. we expected a upswing in housing construction and increasing availability of credit will help spur a virtual cycle of income, consumer spending, and business investment over the next few years. however several policies that will help bring down the budget deficit will result in a drag in economic activity. the increase in tax rates and the cuts in federal spending scheduled to take effect next month will mean reduced spending by both households and the government. we project an inflation adjusted gdp will increase by about 1.5% in 2013. it would increase roughly 1.5 percentage point faster w
way and mild way and raise the minimum wage that it has a positive effect on the local economy. positive effects in terms of lower training costs and turnover and less lost time at work and dedicated employees, so small businesses, mid size and large businesses benefit from in, as well as local government because they don't have as many people relying on social services. so, the data doesn't back that up. in fact, it's a positive thing he when we do it in a planful fashion to raise the minimum wage. >> on this issue, just like an economist. on the one hand, on the other hand, there are studies on both sides. but jonas there is an argument that higher minimum wages reducing turnover, which lessens the costs of employers and could increase employments. >> you would never leave the job if you could get it, it's a pretty good wage. negatives and benefits. both sides of kind of right. if the minimum wage is low $2, it wouldn't disrupt the job market. if it's $50, high unemployment, but a-- there's obviously a level between there where the negatives would exceed the positives. there
the economy comes to life. norfolk southern. one line, infinite possibilities. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> the united kingdom is in disarray after horse meat was found in products intended for humans. dinners supplied to schools in northern england included. officials have raided five meat plants and arrested three workers so far. as many as 10,000 products still need to be tested. >>> back in the u.s., the obama administration says as of today they won't take any more applications for the pre-existing condition insurance plan because of limited funding. it's a stop gap program to help people with medical problems who cannot get private insurance right now. new legal provisions kick in january 1st of next year, barring insurers for turning anyone away for poor health. >>> thanks for watching this morning. i'll see you back here at the top of the hour. "your bottom line" starts right now. >>> thank you, susan and victor. we'll see you at the top of the hour. we know what we
, because a growing economy and the accompanying revenue will be enough to both pay the bills and create a stronger kentucky. my friends, with all due respect, that is simply not reality -- and the math shows it. yes, the economy and our revenues are projected to grow, but not fast enough to even keep up with expenses, much less to address fundamental weaknesses. secretary of the cabinet mary lassiter, who has been putting together state budgets for 15 years, testified in great detail yesterday before a joint meeting of the appropriations and revenue committees. she showed with overwhelming evidence how anticipated growth will be more than eaten up by decisions you and i made in previous sessions. assuming we hit the consensus forecasting group's out-year prediction of about 3 percent growth -- and yes, that's an assumption -- any new revenue will have to be used to cover things like structural imbalances, obligations to health care and pensions, inflationary growth in medicaid, and health insurance for teachers and state employees. the projected growth in revenues -- and more -- is alre
what we've recovered from. the minimum wage economy, is that what we're recovering to? good morning, i'm christine romans. 28 months in a row, 6.1 million jobs created in the past three years, but the jobs we're adding are not the same quality as the jobs we lost. survey from rutgers university finds 60% of people who found work in six months settled for lower pay. these aren't jobs you can send a kid to college on or buy a house. president obama detailed his blueprint for boosting the middle class. the only new proposal was an old one, raising the minimum wage. >> let's declare that in the wealthiest nation on earth, no one who works full time should have to live in poverty and raise the federal minimum wage to $9 an hour. >> free action was swift and fierce. conservatives say, hey, that's a jobs killer. progressives say it lifts families out of poverty. the problem, you can't find studies to support just about any position. a study found the new minimum wage actually means fewer jobs for low-skilled workers but a study by alan krueger concludes minl mihm wage hikes dewpoint reduce em
. captioned by the national captioning institute --www.ncicap.org-- >> the president says the economy's improving, but we have to do better. he says republicans don't have a clue, and that austerity is not the answer. he says it is time to educate our children, subsidize new forms of energy, and rebuild our infrastructure. president obama's for the state of the yen, the first of his new term, and how do we pay the bill? >> nothing i am proposing should increase the deficit by a single dime. >> the president offered more of the same, higher taxes and more stimulus spending. >> the president wants congress to, with $40 billion to improve infrastructure, wants to raise the minimum wage to $9 an hour, wants a new energy bill similar to cap-and-trade, wants preschool for every 4-year-old in the nation, tax reform, gun control, and citizenship for undocumented immigrants. what are his chances, charles? >> approximately zero. he is talking as if we have a huge surplus, so we can start spending all over again. if the inaugural address was a philosophical statement of what i would call his lef
without gettg this economy growing. and the economy is hobbling along, even if slow runners can across the finish line. neil: we may be back to levels ofhe market where we were five years ago. but it has been a steady climb back to worst -- excuse me, from the worse. net net, is a good barack obama? >> yes, i am for it. we are all investors. we all want to see this thing improve. i agree with bob that economics is about choices. neil: i do buy your argument about the slowly inching back economy here. not in the gangbuster fashion, but enough to compel money that has been nervous. and sitting on the sidelines come back in. but the way it is being committed is not to expand plans and operations as much as it is to retrench buying out a competitor. you're really not expanding your business but you're really just retention the existing business. you are not heralding the success of what is going on. you could argue it is part of the bunker mentality. explain the mechanics of what is happening. >> i think you're absolutely right. the way i put it is think about how much better it could be i
me if you agree with it. it is not a free lunch, but doesn't slam the economy with a lot of job loss. there may be a little bit of job loss, but not too much. business absorbs the cost, they pass them on to the customers or stockholders in the form of lower profits. so it takes the income in the middle and redistributes it towards the bottom. who knows whether it has a serious chance of passing? but that is a serious chance of passing the inequality. >> and it is kind of a dirty word in american politics. but as i understand the white house's theory at this point in time i think they see the economy has having changed in certain ways, such as a lot of gains are going to keep up with it at the top. and a lot of gains are going to corporate profits. one role for the government to play, that sharing has to come from government policy. they see that as what you need to keep a strong consensus for sort of a pro-growth capitalism. i want to see if you agree with it. >> one of the things i remember talking about in 2008, when very few people knew who austin goolsby, he would say this is a r
and central bankers from the world's biggest economies meet to debate spending cuts versus growth. we look at international investing and pockets of strength around the globe. and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stoc
a renaissance may be at hand for the u.s. economy? find out right now on "your money." >>> despite a recession in europe, major mergers in the united states show evidence that business is picking up. america could be on the road to prosperity if not for our politicians standing on the way. i'm ali velshi. this is "your money." there's ap economic storm hovering just off our shores. the headwinds are gathering strength as our elected official once again seem prepared to take the american economy to the brink of destruction. this time over a march 1st deadline for the across-the-board government cuts known as the sequester. >> this is not a game. this is reality. >> i don't like the sequester. it's taking a meat axe to our government. >> these steps would seriously damage the fragile american economy. >> still fragile enough that four years after the recession the u.s. economy actually shrank in the last three months of 2012. the storm clouds were ready to blow away and washington basically called them back. >> i think we're all aware that we have some urgent business to do. >> if not for indeci
be quote as necessary to defense as it is to the national economy and the personal safety. as president, eisenhower set out to gather national support complete with a made-for-tv style campaign ad. >> in this century, america has become a nation on wheels. we ride on wheels to work, to shop, to play, to go about any place we want to go. we depend on wheels to bring us the food we eat and the clothes we wear and the things that we use, but when we depend on wheels, we depend also on highways. >> but of course, as all things in washington tend to go, the 34th president struggled with the lack of consensus. governors, democrat and republican, fought eisenhower e on with what they called his plan for the biggest federal aid programs, calling the republican president to task for running away from his staunch opposition to federal encroachment on state sovereignty. it was in fact the democratic senator from virginia, harry byrd, who tried to block eisenhower's plan, and byrd was known as a pay as you go man, and he had a wild hatred for debt. after a lot of coalition building president dwight
that will help create jobs. the steps will help grow the economy and rebuild a rising and thriving middle class. we can do it while shrinking our deficit. begin a have to choose. we just need to make smarter choices. last year both parties work together to reduce the deficit by more than 2.5 trillion dollars. up at a store the goal of 4 trillion dollars to stabilize -- that is helping us reach the goal of $4 trillion to stabilize the deficit. we cannot for senior citizens and working families to bear the burden of deficit reduction while the wealthiest are asked to do nothing more. that will not work. we cannot cut our way to prosperity. i propose a balanced approach to bring down the cost of healthcare and getting rid of tax lee pulls -- tax loopholes. we should pursue bipartisan comprehensive tax reform that encourages job creation and helps bring down the deficit. we know what we need to do. the steps are common sense. it will help grow our economy and strengthen our middle class. in the coming weeks and months, our work will not be easy. but america only moves forward when we do so together
, not bigger. >>> a growing economy that creates good middle class jobs, that must be the north star that guides our efforts. it is our generation's task then to reignite the true engine of american economic growth, a rising thriving middle class. >> president obama delivered his fourth state of the union address tuesday. in attendance were senate and house members, six of the nine justices of the supreme court, the joint chiefs of staff, members of this cabinet and assorted dignitaries. over the course of one hour, the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly o
. and it is not in the interest of growing the economy of our country. >> okay. fine. but you know what? it doesn't really matter what they say because the sequester is going through in two weeks. trust me on that. and we have crunched the numbers, and the sequester only cuts 1.2% of the spending for the whole year. that's it. 1.2%. but guess what? cutting the growth of government spending will help this economy, not hurt it. "the kudlow report" begins right now. of. >>> and we have a very special on-set group with us tonight. i am totally surrounded. it is ladies' anytime. we have "time" magazine's ra rana faruhar, reason magazine's kathy mangle ward, katie burk, and hollywood star and town hall columnist morgan brittany. oh, my gosh. i don't know how i'm going to do this. first up, let's get the latest on the sequester scare tactics hysterics. i'm not hysterical, but our own hampton pearson joins us now with all the details. good evening, hampton. >> good evening, larry. all week long the senate appropriations committee among others has been hearing sequestration horror stories from major government agencies.
the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here as well, paul than just the president sort of figuring out how to fight in the political trenche
now to up tell us where these markets and the economy is headed, well, we will be talking with and welcome to our own rick adonis, senior u.s. economist for deutsche bank security. good to have you here. your year. i mean, we have people walking around with long faces. all parts of the country because they're unemployed. the economy is contracting. and they just don't understand how nice it is to be on wall street. >> well, it is chilly down on wall street. i assure you. but we are seeing some positive signs in the economy. so, yes of the fourth quarter did not look so great. the best top-level gdp number. but when you look beneath the surface we see some important undercurrents. does green shoots cut consumer spending. lou: seeing that come back. >> consumer spending is picking up. the investment which had been contracting. nav is picking up again. the housing market is picking up. but the domestic economy looks decent. it needs time to run until that an employer rate is down, but it increasingly looks like we are building some momentum. lou: you know, i really am. and i
is starting to return. >> reporter: sure, the u.s. economy may be outperforming most other developed nations. but some investment strategists see good opportunities in the weakest parts the world like europe. >> although growth is still negative, we do believe that this year will be that tipping point where growth returns positive. and things are getting progressively just a little less bad. >> reporter: he recommends buying the stocks of big european companies that get much of their revenues outside the region. >> you've got a lot of companies based in these countries which sell to the emerging markets and that growing consumer within the emerging markets. i think you're seeing a lot of >> reporter: but others have a country specific approach. wells fargo advisors has norway as a top pick. >> not only is it a country with relatively low debt and a good credit standing, but it's also a country that's the 15th largest oil exporter in the world. and we think oil prices will continue to edge higher here. >> reporter: but, remember, even if you just buy stocks of big american companies, you like
with iran to discuss its nuclear program and iran's economy has been severely damaged by international sanctions the past several months, but iran remains defiant and israel and other middle eastern countries continue to push for a military strike on iran's nuclear facilities, but kelly, many western and military analysts say a military strike would probably not be completely effective and cut back iran's nuclear am billingses by a few years, kelly. >> connor powell, by the way, how does the world need to react to iran's mixed messages, the former ambassador to the united nations john bolton joins us to weigh in. >> the family of olympic athlete oscar pistorius is speaking out. he's charged with premeditated murder in the shooting death of his girlfriend reeva steenkamp. speaking to reporters today his uncle says that pistorius is numb with shock and grief. >> as you can imagine our entire family is devastated. we are in a state of total shock. reeva, who have got to know well and cared for deeply. after consulting with our legal representatives, we deeply regret the allegations of pre
for the ratings agencies, tomorrow they come for the banks, and that's the last thing our economy needs. a gallup poll found that consumer confidence in banks is already at an all-time low. that includes the 1930's, when bankers lowered confidence by occasionally landing on consumers. [laughter] and i believe that an investigation will just make things worse. i don't think the banks are in any financial position to reveal what financial position they're in. [laughter] take wells fargo. their recent annual report said that the bank's value is partly based on, quote, "significant assumptions not observable in the market." [laughter] that means the value of the largest capitalized bank in the united states defies observation. [laughter] the human mind cannot perceive it. we dare not look upon it. [laughter] remember what happened to the accountants who opened lehman brothers' books. [laughter] point is, i believe when it comes to our economy, there are things we just shouldn't know. here to know them at me is financial writer and washington bureau chief of the "new york times," david leonhardt. dave
that trend and take one oracle -- 1-2% of our economy every year to convert to green energy, we would be much further ahead. i'm so tired of the republican party to always be anti-green. we have an issue on this planet. i would like to see some things done in regard to that. green energy is important, and we should pursue it. thank you so much. guest: nobody is saying that it is not important. what they are seeing is that the federal government does not need the department of energy -- it does not need to be putting money into loan programs for companies like solyndra and fiskar. others -- they have gone bankrupt the. have gotten hundreds of millions of taxpayer dollars for loan programs and all of those companies that got those loans with that taunt of money have gone bankrupt. something is wrong with the vetting process and something is wrong with technology that it is not working in the marketplace. i had solar panels on my house in tennessee as a test keys thursday as a test case 30 + years ago. they're looking to see if we could get enough heat units per day in solar panels. we never got
are here to stay. we understand that. we have to play a role, because the status of our economy and our fiscal capacity is a key piece of our strength and a nation, and we understand that. but our domestic fiscal constraints do not diminish budding threats overseas. many of the challenges we face are in headlines at every day, whether the aggressiveness of north korea and iran, the proliferation of weapons of mass destruction, continued turmoil across the middle east and north africa, or with a growing threat of cyber attacks. as a joint force and an army, we must make decisions based on the context of the security environment and the historical experience, not false assumptions about the future. last year the department of defense to build a collaborative process to publish a 2012 defense strategy. the strategy calls for on the department to invest in the capabilities critical for future success cannot resist the temptation to sacrifice readiness to retain force structure, rebuilt readiness in areas that would be emphasized over the past decade. a fundamental role in 10 of 11 identifie
power. they are accusing him of trying to monopolize power. they say it has hurt the country's economy. we have a report from the scene of one of today's rallies. >> this is outside the university in the heart of the capital. this is put on by supporters of the elected president, morsi, and they have been holding demonstrations for several weeks. the muslim brotherhood, which is the main supporter, and other muslim or islam groups, basically, they do not want to see more violence. they are calling on the opposition. they are saying you have to accept that the president was elected as president. live with him for four years. give him a chance and see what he can do. this was rejected by the opposition, holding a rally not too far from this one. they say he has hijacked the constitutional process, which is what the people do not want. for the moment, it seems to be rhetoric and not violence. they are gathering in support of the president, saying no to violence. >> after four days of being stuck at sea, the nightmare is finally over for those aboard the carnival cruise ship triumph. more
-- and going to remain dysfunctional and that the economy is weak. gerri: a long way to go. i thinkou're absolutely right. those memories are still fresh of losing half of your retirement savings. you don't forget that in a heartbeat. they come up with reasons for delaying retirement. 58 percent said don't have enough savings. outstanding debt and market stability in housing values. and interesting because so much of regular american wealth is tied up in their house. that took a major hit. >> absolutely. gerri: and so when you look at market stability going forward, there seems to be no real place in the stock market that will continue rising even though we have seen a great run. what is amazing is the number of individual investors stayed at of the market despite the fact that we keep seesawing back and forth over the 14,000 level on the dow. >> well, you know, investors have been burned, but nothing the other thing, the reason my retirees are fearful is that interest rates are so low. takes two and a half times more money to generate the same amount of income as it did ten years ago
concluded while the precise cost of the crisis is difficult to calculate the total damage to the economy may be as high as $13 trillion. i say again $13 trillion. with a "t" dollars. as they urge you to consider the benefits of continuing to implement wall street reform. i would like to make one final comme comment. since he was appointed as head of the cfpb last year director cadre and the cfpb have worked tirelessly to finalize many rules and policies to protect consumers in areas such as mortgages, student lending, service member rights, and credit cards. he has done good work and i urge my colleagues to confirm him to a full term without delay and allow the cfpb to continue its important work protecting consumers. i now turn to our ranking member. >> thank you very much, mr. chairman. you and i have a very good personal friendship and have had a good working relationship over the years and i look forward to building on that and working with you as the ranking member of the committee this year in this congress. one of my objectives and hopes would be to work together on the kind of common
then this economy creates jobs and allows people to move ahead as abraham lincoln said improve their lot in life. government hurts' opportunities come to keep people in their place and is not a how to create things. free the people. they will do its. [laughter] john: you may kitchen ventilation systems in the kitchen to suck up the bad air but government wants to make your business better so then they will help all of the of the if you focus on 79 pages of regulation, and many manufacturers are very small, it is too abstract it is impossible to read. >> notice of proposed rulemaking subsection 13, a complete missing in action is unintelligible then they try to make your fans used less electricity. so we have a paradox but he wants to regulate us to death so with creativity with the small investments made over a long period of time and government dampens that for the economy. >> keep in mind if you don't succeed in a true free market even if you meet the needs and wants of other people. john: not the caricature of obama that he paints of us being greedy cackling over your money. >> coping people
. whether he also hear him about turning around the economy, and restoring credibility to the healthcare system. we are with a group of voters tonight that dayaled his speech and do they think he might have a spot sometime in the future at the white house? that lies ahead. with we welcome the author of "america the beautiful," dr. ben carson. welcome. >> thank you. >> doctor, you have gone viral. maybe not something you predicted in your life? >> yeah. usually in medicine when we think of viruses it's not a good thing. but this one turned out to be very good because i have been just overwhelmed by the responses. so many p are just overjoyed to hear some common sense." and i don't think that i put forth anything that is that intellectual challenging, it's just it's so much better than what we are hearing from washington. but it seems like a great revelation. you know, the important thing i think is to begin the dialogue. you know, some people say, you know, you can't say something like that in front of the president. when did this become a monarchy? we are the people. president works for
can never say it too many times. it means that no one sector, one segment of the economy should ever account for more than 20% of your portfolio. so if you own five stocks, only one could be a tech stock, only one a health care stock, only one a financial, only one can be an energy company only one an industrial and only one can be a food and beverage maker. what if you're not sure? always err on the side of caution. if two stocks trade together, if the underlying companies succeed or fail based on the same factors, then you're not diversified. an oil driller and oil producer, we often get those on wednesday, people think they're different. they're both part of the same sector. software and hardware, they're both techs, like it or not. i'm not doing this to be arbitrary or capricious or make it more difficult now to pick stocks. these aren't vague technicalities. when you get too concentrated in one area the moment something bad happens one to of those big stocks, you're going to want to throw yourself off a bridge because the losses will be enormous. imagine if you owned too many in
Search Results 0 to 49 of about 186 (some duplicates have been removed)